Locus Impact Fund directs most of its capital toward financing affordable housing development in Virginia, providing large, project-based capital magnet grants to housing LLCs and preservation partners. It also sponsors small regional economic/entrepreneurial awards (SWVA Bristol Casino pitch contest) that support local small businesses and place-based projects. The foundation appears regionally focused on Southwestern/Central Virginia and prioritizes catalytic real-estate finance alongside grassroots economic development.
Locus Impact Fund uses large, project-based capital magnet grants to help finance affordable housing development in Virginia. In 2023, the foundation repeatedly backed housing entities at the $100,000 level, including Winchester Forrest II in Richmond and Cool Lane Apartments in Richmond, alongside additional support for projects in Charlottesville, South Boston, and Washington, DC. That pattern points to a funder that works through specific development vehicles rather than broad operating support. The foundation also makes smaller regional awards tied to Southwestern Virginia economic activity. Its 2023 pitch-contest grants went to local ventures such as Virginia Mountain Vineyards in Fincastle, Beagle Ridge Herb Farm in Wytheville, and The Pakalachian in Abingdon. Taken together, these grants show a dual emphasis: financing housing supply and supporting place-based entrepreneurship. The grant list centers on Virginia recipients, with awards reaching both major cities and smaller communities across the state.
Affordable housing is the core topic in the recent grant record. Locus Impact Fund gave $100,000 to Fc Phase 1 LLC in Charlottesville for capital magnet support to affordable housing, and the same amount to Poplar Creek in South Boston for the same purpose. It also funded Mhv Preservation Partners Lp in Washington, DC with a $100,000 grant for affordable housing. A second theme is preservation and development through project entities. Grande Oak VA LLC in Williamsburg received $50,000 for affordable housing support, showing the foundation’s use of mid-sized project grants alongside its larger commitments. The third area is Southwestern Virginia entrepreneurship. The foundation awarded $10,000 to Orange Bandana in Christiansburg through the SWVA Regional Bristol Casino Pitch Contest, and gave similar awards to Anne Vaug Design in Floyd and The Pakalachian in Abingdon.
Locus Impact Fund’s 2023 grants cluster around a few standard amounts: the p25 is $10,000, the median is $50,000, and the p75 is $100,000. That spread reflects a mix of small competitive awards and larger project-level housing grants. The record shows repeated support in the same year for housing development entities, rather than a broad set of one-off program areas. The foundation is a public charity, and it does not fund individuals or make program-related investments. Its grantmaking is local in scope, with the vast majority of awards going to Virginia recipients.
$200K
$89.3M
$10.8M
$9.8M
Most grants fall between $10K and $100K, with a median of $50K.
25th Percentile
$10K
Median
$50K
75th Percentile
$100K
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Highly concentrated: majority of dollars are large, single-purpose capital grants to a small set of housing project entities, supplemented by several small, competitive awards to local entrepreneurs. Mix of few big infrastructure-style investments and multiple modest community-level prizes.
Notable grantees: MHV Preservation Partners LP, Poplar Creek, Cool Lane Apartments, Beagle Ridge Herb Farm, Orange Bandana
Grantmaking is heavily concentrated in Virginia: 91% of grants go to recipients in the foundation’s HQ state. Within the recent list, Richmond appears twice, and Charlottesville, South Boston, Williamsburg, Fincastle, Wytheville, Christiansburg, Floyd, and Abingdon also appear. The only non-Virginia recipient in the recent grants is in Washington, DC. The distribution points to a Virginia-centered funder with especially strong activity in urban housing markets and Southwestern Virginia communities.
The recent grants show support for housing development entities and regional small businesses. Housing recipients include Winchester Forrest II, Cool Lane Apartments, Fc Phase 1 LLC, Poplar Creek, Mhv Preservation Partners Lp, and Grande Oak VA LLC. The foundation also funded businesses and placemaking ventures through the SWVA Regional Bristol Casino Pitch Contest.
The grant-size distribution centers on larger project grants and smaller regional awards. The p25 is $10,000, the median is $50,000, and the p75 is $100,000. In the recent list, the housing grants reached $100,000 and the pitch-contest awards were $10,000 each.
Virginia is the main recipient state, accounting for 91% of grants in the data. Recent Virginia recipients include Richmond, Charlottesville, South Boston, Williamsburg, Fincastle, Wytheville, Christiansburg, Floyd, and Abingdon.
The strongest pattern is affordable housing financing. Several grants were labeled capital magnet grants to support affordable housing, and the foundation also backed regional entrepreneurship through the SWVA Regional Bristol Casino Pitch Contest, which supported farms, arts, food, design, and hospitality-related ventures.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| GEORGIA MINORITY OUTREACH NETWORK CORP | DARIEN, GA | $100,239 | 2025 | SE REGIONAL FOOD BUSINESS CENTER SUBAWARD EXPENSES |
| SCDHC-HIGH STREET LLC | RICHMOND, VA | $100,000 | 2025 | SUPPORT FOR MULTFAMILY HOUSING DEVELOPMENT |
| RIVER STREET MARKET EDUCATION INC | ASHEVILLE, NC | $10,000 | 2024 | GRANT TO SUPPORT THE PROPOSED PETERSBURG REGION FOOD HUB AND COMMERCIAL KITC |
| FC PHASE 1 LLC | CHARLOTTESVILLE, VA | $100,000 | 2023 | CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING |
| MHV PRESERVATION PARTNERS LP | WASHINGTON, DC | $100,000 | 2023 | CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING |
| POPLAR CREEK | SOUTH BOSTON, VA | $100,000 | 2023 | CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING |
| COOL LANE APARTMENTS | RICHMOND, VA | $100,000 | 2023 | CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING |
| WINCHESTER FORREST II | RICHMOND, VA | $100,000 | 2023 | CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING |
| GRANDE OAK VA LLC | WILLIAMSBURG, VA | $50,000 | 2023 | CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING |
| THE PAKALACHIAN | ABINDGON, VA | $10,000 | 2023 | SWVA REGIONAL BRISTOL CASINO PITCH CONTEST |
| VIRGINIA MOUNTAIN VINEYARDS | FINCASTLE, VA | $10,000 | 2023 | SWVA REGIONAL BRISTOL CASINO PITCH CONTEST |
| ANNE VAUG DESIGN | FLOYD, VA | $10,000 | 2023 | SWVA REGIONAL BRISTOL CASINO PITCH CONTEST |
| ORANGE BANDANA | CHRISTIANBURG, VA | $10,000 | 2023 | SWVA REGIONAL BRISTOL CASINO PITCH CONTEST |
| BEAGLE RIDGE HERB FARM | WYTHEVILLE, VA | $10,000 | 2023 | SWVA REGIONAL BRISTOL CASINO PITCH CONTEST |
GEORGIA MINORITY OUTREACH NETWORK CORP
$100,239SE REGIONAL FOOD BUSINESS CENTER SUBAWARD EXPENSES
SCDHC-HIGH STREET LLC
$100,000SUPPORT FOR MULTFAMILY HOUSING DEVELOPMENT
GRANT TO SUPPORT THE PROPOSED PETERSBURG REGION FOOD HUB AND COMMERCIAL KITC
FC PHASE 1 LLC
$100,000CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING
MHV PRESERVATION PARTNERS LP
$100,000CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING
POPLAR CREEK
$100,000CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING
COOL LANE APARTMENTS
$100,000CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING
WINCHESTER FORREST II
$100,000CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING
GRANDE OAK VA LLC
$50,000CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING
THE PAKALACHIAN
$10,000SWVA REGIONAL BRISTOL CASINO PITCH CONTEST
VIRGINIA MOUNTAIN VINEYARDS
$10,000SWVA REGIONAL BRISTOL CASINO PITCH CONTEST
ANNE VAUG DESIGN
$10,000SWVA REGIONAL BRISTOL CASINO PITCH CONTEST
ORANGE BANDANA
$10,000SWVA REGIONAL BRISTOL CASINO PITCH CONTEST
BEAGLE RIDGE HERB FARM
$10,000SWVA REGIONAL BRISTOL CASINO PITCH CONTEST